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2024: Launch of ₽1 billion venture capital fund to invest in drones and radio electronics
The Aerospace Innovation Valley Innovative Scientific and Technological Center announced in November 2024 the creation of a specialized venture capital fund with an initial capital of ₽1 billion to support residents of Russian research and development centers. The fund will begin work in early 2025.
According to the telegram channel "Russian Venture," the capitalization of the fund is planned to increase to ₽5 billion. The amount of investments in individual projects will range from ₽40 million to ₽250 million.
The foundation will focus on funding projects in space technology, unmanned aircraft, information systems, biomedical technology, radio engineering and radio electronics. Only INTC resident companies operating in specialized areas have the right to receive investments.
The Aerospace Innovation Valley Research and Development Center, created by decree of the Russian government on April 22, 2022 with the participation of the Moscow Aviation Institute, is developing projects in the field of aerospace systems and technologies.
The new venture capital fund will interact with residents of other innovation centers, including the Intellectual Electronics - Valdai Research and Development Center, which specializes in microelectronics, and the Nuclear and Medical Technology Park, which develops atomic and additive technologies.
The initiative is aimed at strengthening Russia's technological sovereignty in strategically important industries. The fund will provide financial support for developments in unmanned systems, electronic components and advanced medical technologies.
The creation of a specialized venture capital fund will expand the possibilities of financing high-tech projects within the framework of the national innovation system. The investment mechanism takes into account the specifics of the work of scientific and technological centers.
Priority investment areas will be projects that contribute to the development of the domestic component base and the creation of competitive technological solutions in the field of aviation, space and radio electronics.[1]
2023: Agreement on the establishment of a competence center for the use of the results of space activities
TERRA TECH JSC (part of the Russian Space Systems holding of Roscosmos State Corporation) and the Management Company of the Aerospace Innovation Valley Innovative Scientific and Technological Center (INTC AKID) will develop the Competence Center for the use of space activities results, created at the INTC AKID. Such cooperation provides for an agreement between the companies. This was reported on November 23, 2023 by the RKS. Read more here.
2022: Mishustin approved the creation of a scientific and technological center
At the end of April 2022, Prime Minister Mikhail Mishustin signed a decree approving the creation of the Aerospace Innovative Valley Innovative Scientific and Technological Center (INTC). Its main areas of activity will be aerospace, biomedical and information technologies, as well as electronics and radio engineering, the press service of the Cabinet of Ministers reports.
The initiators of the emergence of the center, which will be built in the Ryazan region, were the Moscow Aviation Institute (national research university) and the regional government. INTC resident companies will develop advanced technologies, unique materials and new types of products.
It is assumed that the emergence of the Aerospace Innovation Valley will create 2.8 thousand jobs and by 2031 will increase tax revenues to the budget of the Ryazan region by 5.6 billion rubles.
More than 30 companies have already announced their desire to participate in the work of the INTC, which are developing about 60 innovative projects. In addition, the United Aircraft Corporation, Almaz-Antey East Kazakhstan region, Roscosmos and Tactical Missile Weapons Corporation JSC expressed interest in cooperation.
As the governor of the Ryazan region Nikolai Lyubimov noted, the INTC has serious prospects and opportunities.
{{quote 'For the Ryazan region, this project is extremely significant. It is able to diversify the structure of industrial production towards the development of new types of competitive products. The center will become a powerful growth point for the economy and science of the region and will contribute to high-quality import substitution, an increase in the presence of Russian companies in promising markets. This is now especially significant, - the governor's words were quoted in the regional government. }}[2]
Notes
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